Polycap Establishing First U.S. Manufacturing Facility In Virginia

SourceBusiness Facilities
Date Published04/11/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Polycap LLC
Parent companyPolycap LLC
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):48
Year reshoring announced:2019
Capital investment ($):7.7
Country(ies) from which reshored:Canada
City reshored to:Lebanon
State(s) reshored to:VA
If relevant, work nearshored to:-
Industry(ies):Plastic & Rubber Products
Product(s) reshoredcap and closures
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Higher productivity, Infrastructure, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:3.5
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